I spent a few days earlier in the week in Scottsdale, Arizona. I was invited to present on portfolio positioning and best execution at the 20th annual IMN Global Indexing and ETF Conference. One of the big highlights for me was El-Erian’s keynote presentation.

Today, I share with you my notes from Mohamed El-Erian’s speech. Mohamed is Chief Economic Adviser at Alliaz and a frequent economic and market source for major financial media. He is humble, balanced and brilliant. I have listened to my recording of his presentation several times. Stop-start-rewind-replay-rinse-repeat. Fun for me and well worth the effort.

In short, he puts the odds for a good outcome at 50/50 saying he, “hates to say that.”

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